Ryan Cohen
CEO of GameStop driving the $55B bid for eBay.
“CEO Ryan Cohen withdrew a bonus plan that could have paid him $35 billion to pursue the eBay acquisition.”
Source→“transformed GameStop from near-bankruptcy into a cash-generating machine with $9.7 billion in cash and $333 million in free cash flow”
Source→“I look for will over skill. She came from — she was working in like an old people's home and she applied for the job many times and we just didn't think she was qualified. And she kept on applying.”
Source→“That's what happens when you go from a business that founder operated to a business with the professional management team — you lose the one-on-one and just the rolling up your sleeves, really getting into solving the root cause of problems.”
Source→“Cohen could not explain the deal when he was asked about it on CNBC's Squawk Box.”
“GameStop has made an unsolicited $56 billion bid to acquire eBay, offering $125 per share in a mix of cash and stock.”
“GameStop CEO Ryan Cohen either couldn't (or wouldn't) explain basic bid details during a CNBC interview.”
“Cohen [sees] ways to integrate GameStop's bricks-and-mortar stores with eBay's online operations to help scale both companies.”
“GameStop has offered to acquire eBay for around $55 billion in cash and stock... GameStop holds around a 5% stake in eBay, mostly via derivatives, and says it secured a 'highly confident letter' from TD Securities to lend up to $20 billion.”
“GameStop is preparing a potential bid for eBay as part of CEO Ryan Cohen's plan to transform the retailer into a $100 billion company.”
“GameStop is preparing a potential bid for eBay as part of CEO Ryan Cohen's plan to transform the retailer into a $100 billion company, even though eBay is several times larger.”
AI-extracted from podcast / newsletter / paper summaries. May contain errors.